United States’ onshore oil production could increase about 75 percent by 2022, and North Dakota would be a primary contributor, according to a recent report. “[The U.S.] is going to continue to drill quite aggressively,” said Chris Micsak, oil analyst with BENTEK Energy, a Colorado-based energy market analytics company that provides data-driven research and market… [More…]

Oil production, an important driver of North Dakota’s economy, continues to climb. Although rig counts have dropped in recent months, production continues to reach new record levels. August production topped 700,000 barrels per day, an increase of nearly 60 percent in the past twelve months. The impact of the oil industry on the labor market… [More…]

Oil production in North Dakota’s Bakken and Three Forks Formations is at record highs and growing, but is it sustainable at current levels? For how long? “Our growth has been extremely rapid. Technology and price have come together with the geology,” said Ron Ness, president of the North Dakota Petroleum Council, a 60-year-old organization that… [More…]

North Dakota’s economic growth continues at an unprecedented pace. Our unemployment rate is the lowest in the nation at a mere 3 percent, compared to the national average of 8.1 percent. In some areas of North Dakota, specifically those impacted by booming oil development, a severe labor shortage exists. For example, in Williston, the unemployment… [More…]